Hadrian Raises $260 Million to Expand Manufacturing Capabilities
'America cannot afford to lose another generation of industrial capacity,' said Chris Power, chief executive and founder of Hadrian, in a statement. 'We're building the factories that will secure American leadership in advanced manufacturing and create new jobs here in the United States.'
It plans to build a large-scale production facility and software hub spanning approximately 270,000 square feet in Arizona and initiated a search for a 400,000-square-foot corporate and R&D headquarters. Both facilities are expected to come online by year-end.
Cooley advised Hadrian on the funding round as well as its previous $117-million funding round in February 2024.
Information for this article was sourced from Hadrian.
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